Swedish giant Ikea bets on Chinese expansion

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8 October 2019 à 16h16

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2 minutes

Publication: 8 October 2019 à 16h16

Reading time: 2 minutes

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Publication

8 October 2019 à 16h16

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Publication: 8 October 2019 à 16h16

Reading time: 2 minutes

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The Ikea Group has just released figures for the fiscal year ending in August 2019. Total sales are €41.3 billion (+6.4% year-on-year) driven by store openings and online sales. If the Group provides more details later in 2019, its biggest subsidiary Ingka (which accounts almost 90% of the Group’s business) already published its annual financial results. Annual sales of Ingka reached €36.7 billion in late August, a rise of 5% via 374 stores. It opened 7 new traditional large-format stores and 1

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